Question: Please help with this question asap! Please help with this question asap! The trial balance of Neal Company as of January 31, 2019, after the



Please help with this question asap! Please help with this question asap!



The trial balance of Neal Company as of January 31, 2019, after the company completed the rst month of operations, is shown in the partial worksheet below. Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,000; expired insurance, $6,900; depreciation expense for the period, $3,000; Analyze: How does the insurance adjustment affect Prepaid Insurance? Partial Worksheet Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,000; expired insurance, $6,900; depreciation expense for the period, $3,000. NEAL COMPANY Worksheet (Partial) Month Ended January 31, 2019 Account Name Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $ 103,600 Accounts Receivable 20,400 Supplies 38,000 Prepaid Insurance 57,600 Equipment 107,600 Accumulated Depreciation-Equipment Accounts Payable 24,400 Alexander Neal, Capital 251,600 Alexander Neal, Drawing 14,000 Fees Income 98,800 Supplies Expense Insurance Expense Salaries Expense 30,800 Depreciation Expense-Equipment Utilities Expense 2,800 Sub-Totals $ 374,800 $ 374,800 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ Totals $ 0 $ $ 0 $ Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze How does the insurance adjustment affect Prepaid Insurance? Insurance adjustment
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